Free Trade Relations Between Iran and India
Aref Jafari Sadeghabad1, Sapna Sukrut Deo2
1Aref Jafari Sadeghabad, Ph.D. Scholar, New Law College, Bharati Vidyapeeth (Deemed to be University), Pune, India,
2Dr. Sapna Sukrut Deo, Assistant Professor & Head, Legal Research Centre, New Law College, Bharati Vidyapeeth (Deemed to be University), Pune. India
Manuscript received on 28 June 2019 | Revised Manuscript received on 05 July 2019 | Manuscript published on 30 July 2019 | PP: 2320-2323 | Volume-8 Issue-9, July 2019 | Retrieval Number: I8497078919/19©BEIESP | DOI: 10.35940/ijitee.I8497.078919
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: In today’s turbulent and complicated world, many developing countries have placed priority on free trade and investment in the various sectors of the economy in order to stay on the path of development and economic growth. Free trade and the formation of capital as one of the vital variables of growth Economic is considered, which will increase the productive forces of society through the production of capital goods, in order to enable them to produce the necessary commodities. The role of free trade and foreign investment in the planning of developing countries that now have high economic growth cannot be ignored. In India and Iran, the history of trade and investment has been formed more or less parallel to investment developments in different countries of the world. But the course of its evolutions and fluctuations in the course of international trade and the inflow of foreign capital have been more influenced by political developments and the specific political conditions of countries in different periods of time, and only economic goals have not been effective in this process. Hence, according to the information obtained through the primary and secondary data, India-Iran trade relations are positive and developing.
Keywords: Developing Countries, Free trade, Economic Growth, Foreign Direct Investment, Import and Export
Scope of the Article: Social Sciences